November 16, 2022 –Anthony Spangler and Andrew O’Connell of Horvath & Tremblay have successfully completed the sale of a vacant 8-unit multi-family property in Hobart, Indiana. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $370,000.
The multi-family investment property is located at 2080 E Rand Road in Hobart, Indiana. The Property contains a two-story brick building comprised of eight (8) 1-Bedroom/1-Bathroom units with 6,656 square feet of total gross area on a 0.38-acre corner parcel of land with ample on-site parking. The Property was constructed in 1973 and is being offered 100% vacant; all eight residential units have been completely gutted and are plumbed and wired for electric. The new owner has a blank slate with which to build out the units in a high demand residential market with solid real estate fundamentals. The property is well located on a quiet tree-lined street in a residential neighborhood in Hobart, Indiana which is a South Suburb of Chicago located in northwestern Indiana. The property is 0.5-miles from E Ridge Road (US Route 6), the area’s primary commercial corridor and is also close to Interstates 80, 90, 65 and 94, and US Routes 12 and 20, offering convenient access to Chicago and points east and west. The quick highway access provides easy accessibility to both the Chicago Metro area and Northwest Indiana.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.